China to invest $22 bln on three new railways

China's economic regulator has approved the construction of three new railroads in the central and southwestern regions for 142.77 billion yuan (around $22 billion).

A new high-speed railway will link cities in Henan and Hubei provinces and Chongqing municipality.

The two other tracks will be traditional rail and will help improve transportation in Yunnan, a southwest border area, according to approval letters released on Friday by the National Development and Reform Commission (NDRC). (Source: IANS)